With the threat of a “sunset” at the end of this year of the current high federal estate tax exemption back to $5 million, adjusted for inflation, many people across the country are no longer concerned about planning to avoid or minimize estate taxes. However, in the Bay area, there are still many families who do have taxable estates and…
When it comes to estate planning, most people focus on how to ensure their loved ones are taken care of. However, you may want to also consider charitable gifting, a tool that not only provides for causes you care about but also preserves wealth by reducing estate tax liability. Charitable gifting refers to donating money or assets to a qualified…
If you’re someone who is serving in the role of trustee, executor, conservator, or guardian, acting as a personal representative for someone’s estate in California, did you know that the state has specific guidelines for probate accounting? According to section 16062, the California probate code requires representatives to provide an accounting at least once a year. The purpose is usually…
